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Family Dollar 2594 Main St 8,137 SF Retail Building Springfield, MA 01107 $1,976,495 ($242.90/SF) 8.45% Cap Rate



INVESTMENT HIGHLIGHTS
- 2018 build-to-suit construction for Family Dollar
- 10% rental increase in October, 2028, and in all six option periods
- Located on Main St and ±1 Mile from Downtown Springfield, MA
- Absolute NNN lease with zero landlord responsibilities
- Corporately guaranteed lease from Family Dollar Corporation
- ±5-mile population in excess of 227,108 residents
EXECUTIVE SUMMARY
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,137 SF
Building Class
B
Year Built
2018
Price
$1,976,495
Price Per SF
$242.90
Cap Rate
8.45%
NOI
$167,014
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.03 AC
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SPRI-008130-000000-000247 | Improvements Assessment | $1,525,800 |
| Land Assessment | $259,800 | Total Assessment | $1,785,600 |
PROPERTY TAXES
Parcel Number
SPRI-008130-000000-000247
Land Assessment
$259,800
Improvements Assessment
$1,525,800
Total Assessment
$1,785,600
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Family Dollar | 2594 Main St
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